Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Sliding scale royalty
5
May 27, 2008 09:24AM
2
May 27, 2008 09:45AM
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May 27, 2008 09:50AM

Payment to the Be in favor of the operation of the mineral resources. One is pleased on the basis of the value of the processed mineral. Ranks of payment - Of 1 @ U.S. $ 50 million/year pays 3% - Between U.S. $ 50 - 100 million pay 4% - But of 100 million 5% pay ** The small mining and mining producers artisan they do not pay

so if i am reading that correctly, the small artisanal miners don't pay anything. everyone else pays a 3% royalty on the first $50 million of sales, then 4% on sales from $50-100 million, and 5% on everything over $100 million/year.

if that makes it into law, it's not much worse than argentina's royalty, and would be only a minor cost of doing business for a project as robust as fdn.

1
May 27, 2008 10:57AM
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May 27, 2008 11:49AM
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May 27, 2008 11:58AM
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